Page 3/285

Latest News

Meet the Ambassador of the Czech Republic to Austria: H.E. Ms. Ivana Cervenková

The new Ambassador of the Czech Republic to Austria H.E. Ms. Ivana Cervenková presented President Alexander Van der Bellen with her letter of accreditation at the Vienna Hofburg.

April 16, 2018

Meet the Ambassador of the Kingdom of Norway to Austria: H.E. Ms. Kjersti Ertresvaag Andersen

The new Ambassador of the Kingdom of Norway to Austria H.E. Ms. Kjersti Ertresvaag Andersen presented President Alexander Van der Bellen with her letter of accreditation at the Vienna Hofburg.

April 16, 2018

Meet the Ambassador of Montenegro to Austria: H.E. Mr. Zeljko Perovic

The new Ambassador of Montenegro to Austria Mr. Zeljko Perovic presented President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg.

April 16, 2018

Palfinger: Andreas Klauser Appointed New CEO

The Supervisory Board of Palfinger AG concluded its search for a new CEO. Andreas Klauser (53), an accomplished top manager with international experience, who is currently the Global Brand President of Case IH and STEYR as well as member of the Group Executive Council of CNH Industrial, has been chosen to fill the position. He has more than 25 years of experience in the area of agricultural machinery and commercial vehicles.

April 16, 2018

David Goodhart at the IWM: Dilemmas of Post-Liberalism

David Goodhart, a British journalist, commentator, author and the director of the Demos thinktank discusses immigration and liberalism with Ivan Krastev at the IWM Institute of Human Sciences.

April 13, 2018

OMV: Yearly Financial Report 2017

OMV Aktiengesellschaft is declaring the following financial reports below.

April 12, 2018

UNIQA: Yearly Financial Report 2017

UNIQA Insurance Group AG is declaring the following financial reports below.

April 12, 2018

Lenzing Resolves to Increase Special Dividend to EUR 2.00 Per Share

This year's Annual General Meeting of Lenzing AG resolved today, Thursday, April 12, 2018, to distribute a dividend of EUR 3.00 per share as well as a special dividend totaling EUR 2.00 per share. On balance, the dividend will amount to EUR 5.00 per no-par value share for the 2017 financial year (compared to EUR 4.20 per share in the previous year). The dividend payment is scheduled to take place on April 18, 2018, whereas ex-dividend day is on April 16, 2018.

April 12, 2018

Opening of the Austrian Consulate General in Chengdu

Austria has set up a consulate general in Chengdu, capital of southwest China's Sichuan Province, with President Alexander Van der Bellen, Chancellor Sebastian Kurz and Foreign Minister Karin Kneissl attending the opening ceremony during their state visit to China. Van der Bellen also expressed his wish for a new male panda bear.

April 12, 2018

Minister of Economy Visited Huawei and Alibaba During State Visit to China

Federal Minister of Digitization and Business Location Margarete Schramböck signed an agreement to facilitate access to Chinese trading platforms for Austrian companies during the current state visit to China at the Ministry of Foreign Trade and Economic Cooperation (MOFCOM) in Beijing. Global experience shows, however, that one should be cautious with regard to technical cooperation with Chinese and copyright issues.

April 12, 2018

Telekom Austria Prepares Expansion in the Western Balkans

Telekom Austria is strategically strengthening its search for takeover targets and has made EUR 1 billion available in the war chest. CEO Alejandro Plater has announced his intention to expand again in the Western Balkans (Serbia, Croatia and other countries of former Yugoslavia).

April 11, 2018

Casinos Austria International Will Not Be Sold

Casinos Austria AG (CASAG) stops the sale of Casinos Austria International (CAI).

April 11, 2018

Austrian Airlines: Alexis von Hoensbroech Succeeds Kay Kratky as CEO

Alexis von Hoensbroech is to become the new Chairman of the Executive Board of Austrian Airlines. The current AUA CEO Kay Kratky, whose contract ends in July, is leaving the company.

April 11, 2018

Former US Ambassador to Austria Swanee Hunt Back in Vienna: Can Women Stop War?

Activist, philanthropist, billionaire's daughter, Democrat, Harvard lecturer and former US Ambassador to Austria Swannee Hunt returns to Vienna to be interviewed at the Austrian Institute for International Affairs (oiip) on the subject of "Can Women Stop War?

April 11, 2018

Austria's Capital Market for SMEs on the Brink of a Renaissance

Finance Minister Hartwig Löger plans to revive the Austrian capital market for SMEs by making trading of bearer shares of Austrian companies on the Third Market possible again.

April 11, 2018

Max Hollein Appointed New Director of the Metropolitan Museum

The Metropolitan Museum of Art of New York announced that Max Hollein will become its 10th director and thus becomes cultural ambassador for New York. Vienna-born Hollein, 48 years old, is an art historian who has been serving as Director and CEO of the Fine Arts Museums of San Francisco since 2016. Before that, he oversaw Schirn Kunsthalle, Städel Museum and the Liebieghaus Skulpturensammlung in Frankfurt. The Met is the largest art museum in the United States. With more than 7 million visitors in 2016, it is the second most visited art museum in the world.

April 11, 2018

Asylum Law: Duration of Proceedings at Austrian Supreme Courts Decreases

The duration of proceedings in asylum cases at the two Austrian Supreme Courts, Constitutional Court of Austria (VfGH) and Supreme Administrative Court of Austria (VwGH), is continuously decreasing.

April 10, 2018

New Double Taxation Agreement Between Israel and Austria

After almost 50 years, a new double taxation agreement (DTA) for income and capital taxes was signed between Israel and Austria, which includes substantial tax relief.

April 10, 2018

Russia's Yelena Baturina Divests Grand Tirolia Hotel for €45 Mln

The billionaire and wife of Yury Luzhkov, the former Moscow mayor, is selling her Kitzbühel 5-star hotel for 45 million euros to an investor. Rumour has it that the investor is looking for an international operator.

April 10, 2018

C-Quadrat: Yearly Financial Report 2017

C-Quadrat Investment AG is declaring the following financial reports below.

April 6, 2018

Opel-PSA Group Plans Job Cuts in Vienna

By summer, 140 employees are to leave the Opel plant in Aspern. A further reduction could be avoided thanks to a new transmission order from Opel parent Groupe PSA. Engines will be produced for the previous Opel owner General Motors (GM) until 2019/20. What comes after that is still uncertain.

April 6, 2018

Austria's Vice-Chancellor Also Wants Headscarf Ban for Students

An extension is now under discussion since yesterday. Heinz-Christian Strache requested a comprehensive ban on headscarves in a TV appearance analogous to Turkey, as it had applied there until before the AKP. Until now it was decided that children under the age of ten should not wear headscarves. The government wanted to propose a law by summer for which it needs the votes of the opposition. Chancellor Sebastian Kurz, who made the appearance together with Strache, agreed with Strache that he is completely on the same line.

April 6, 2018

Telekom Austria AG: Yearly Financial Report 2017

Telekom Austria AG is declaring the following financial reports below.

April 6, 2018

OMV Buys Oilfield Shares in Abu Dhabi for USD 1.5 Bln

Listed oil corporation OMV is acquiring 20 percent of two offshore oil fields in Abu Dhabi from the Abu Dhabi oil group ADNOC. The purchase price for the concession and the associated infrastructure amounts to USD 1.5 billion. OMV has already a long relationship with Abu Dhabi. OMV opened a representation office in Abu Dhabi in 2007. Today Abu Dhabi is the location of the Business Hub for OMV´s Upstream Middle East & Africa activities.

April 6, 2018

Fire Brigade Equipment Supplier Rosenbauer: Profit Halved in 2017

Despite a record order intake, the profit of the Upper Austrian firefighting equipment supplier Rosenbauer halved in the 2017 financial year. This was partly due to a slump in demand in the Middle East and North Africa, but also to the recently reported irregularities at a German subsidiary, which led to a write-down of EUR 3.5 million.

April 6, 2018

Otto Wagner: Vienna's World Famous Architect at the Vienna Museum

Otto Koloman Wagner (* 13 July 1841; † 11 April 1918) was Austria's most important architect, architectural theorist and Urban Planner of Vienna in the Belle Epoque and around the Fin de siècle. His Art Nouveau buildings, his university activities and his writings on urban planning helped him to world fame in the 1890s. The Wien Museum devotes a comprehensive exhibit to the architect who turned Vienna into a global metropolis.

April 5, 2018

Afrika! Afrika! - The André Heller Circus Show Comes to Vienna

André Heller’s circus show blurs the boundaries between dance, acrobatics, live music and video to create a magical stage performance. The ensemble shows the artistic present day as well as the traditional heritage of the African continent: from Ethiopia to Ivory Coast, from Morocco to South Africa.

April 5, 2018

Meet the Ambassador of Japan to the International Organizations in Vienna: H.E. Mr. Mitsuru Kitano

H.E. Mr. Mitsuru Kitano is the Permanent Representative and Ambassador Extraordinary and Plenipotentiary of Japan to the International Organizations in Vienna. Just recently Ambassador Kitano together with the host, UNIDO's Director-General Li Yong, attended a joint event for launching UNIDO projects in Etiopia, Iraq, Jordan, Lebanon, Liberia, Nigeria, Somalia, and Syria, after the government of Japan has confirmed that it will contribute over US$5.2 million to projects in these 8 countries.

April 4, 2018

Arnold Schwarzenegger in Vienna: The Prodigal Son's Interim Visit

Shortly before his planned heart operation Arnold Schwarzenegger visited Vienna to prepare the second R20 Austrian World Summit, scheduled to take place on May 15, 2018 in Vienna’s Hofburg Palace. Among others the former Governor of California met Austrian Federal President Alexander Van der Bellen and Federal Chancellor Sebastian Kurz to discuss the upcoming summit. Last week Schwarzenegger had undergone emergency open-heart surgery following complications that arose during a planned heart valve replacement.

April 4, 2018

FACC Achieves Sales Record of EUR 750.7 Mln in 2017/18

FACC, the Sino-Austrian aircraft component manufacturer generated preliminary sales of 750.7 million euros, and the order backlog increased to US$ 5.9 billion. On March 19, FACC entered the ATX, Austria's leading index on the Vienna Prime Market, and has since been one of the 25 largest and most traded companies in Austria.

April 4, 2018

Meet the Ambassador of Japan to Austria: H.E. Mr. Kiyoshi Koinuma

H.E. Mr. Kiyoshi Koinuma is the Extraordinary and Plenipotentiary Ambassador of Japan to Austria as well as the Extraordinary and Plenipotentiary Ambassador of Japan to Kosovo and Macedonia.

April 3, 2018

Austria's Largest State Visit to China Imminent

Austria's largest state visit to China to date is about to take place. Four ministers will travel to China from 7 to 12 April with President Van der Bellen and Chancellor Kurz. 170 Austrian companies with a delegation of around 200 people are also on board. The expectation is high that various agreements between Chinese and Austrian companies will be signed.

April 3, 2018

14,000 International Scientists Meet in Vienna to Discuss Earth-related Topics

The largest geosciences meeting in Europe will take place from 8 to 13 April in the Austria Center Vienna (ACV). The EGU (European Geosciences Union) 2018 General Assembly brings together more than 14,000 geoscientists from all over the world into one meeting covering all disciplines of the Earth, planetary and space sciences. This year, for the first time, the EGU is organising an event for the wider public in Vienna.

April 3, 2018

Leadership Change: Mahrer Follows Leitl as Austrian Chamber of Commerce President

Harald Mahrer, President designate of the WKO Austrian Federal Chamber of Commerce, will take over from acting President Christoph Leitl on 18 May.

April 3, 2018

Flughafen Wien: Yearly Financial Report 2017

VIA Vienna International Airport/Flughafen Wien AG is declaring the following financial reports below.

April 3, 2018

VIC Strengthens Presence in Hungary and Slovakia

Hungary’s central bank approved the merger of the three VIG Group companies. As a result VIG will be represented in Hungary solely by the insurance company Union Biztosító. In Slovakia, bancassurer Poisťovňa Slovenskej sporiteľne (PSLSP) will merge with Kooperativa poisťovňa.

April 3, 2018

Flughafen Wien: Invitation to the General Meeting 2018

Flughafen Wien Aktiengesellschaft invites its shareholders to the 30th Annual General Meeting, which will be held on Wednesday, May 2, 2018 at 3 p.m. in Office Park 3, Object 682, Towerstrasse, A-1300 Wien-Flughafen.

April 3, 2018

Money Laundering: RBI Is Fined EUR 2.7 Million

The Austrian Financial Market Authority (FMA) has imposed the highest fine ever imposed by the FMA, i.e. a fine of EUR 2.748 million against Raiffeisen Bank International AG.

April 1, 2018

Austrian Budget Airline LaudaMotion: Fighting the Top Dog Lufthansa

LaudaMotion is to become a powerful low-cost airline. Ryanair ultimately intends to acquire a 75 percent stake. From June 2018, a total of 65 routes are to be served from Vienna, from seven German airports (Berlin/Tegel, Cologne, Düsseldorf, Frankfurt, Munich, Nuremberg, Stuttgart) and from Zurich to the Mediterranean region and to the Canary Islands.

March 30, 2018

Vienna Based UN Agencies Join Forces to Combat Migrant Smuggling

At the United Nations in Vienna, IOM, the United Nations Migration Agency, and UNODC organized an event centring on a Joint Platform on Countering Migrant Smuggling. The aim of the initiative is to deny criminal traffickers the means and opportunity and end the impunity of smugglers.

March 30, 2018

Former Finance Minister Schelling Appointed Gazprom Advisor

Hans Jörg Schelling, former Austrian Minister of Finance until December 2017, has signed an advisory contract with Nord Stream 2 gas pipeline three months after his handover. OMV is also involved in the project, of which he was the owner's representative as Austrian Minister of Finance.

March 30, 2018

Trevor Traina Confirmed by US Senate as US Ambassador to Austria

The Foreign Relations Committee of the Senate in Washington D.C. has confirmed Trevor Traina, nominated by President Donald Trump, as the new US Ambassador to Austria. This was announced by both the State Department and the US Embassy in Vienna. The post has been vacant since January 2017 when Alexa Wesner was recalled from her post.

March 30, 2018

Eurowings also Expands Vienna Connections

With the summer flight schedule 2018 Eurowings, the discount airline subsidiary of Lufthansa, is adding new destinations from Vienna to Corfu, Larnaca, Catania, Chania, Kos, Heraklion and Rhodes.

March 30, 2018 · Sponsored Content

Repatriation of Austrian Gold Reserves Nearing Completion

This year, and not in 2020, the OeNB Austrian National Bank is already concluding its repatriation campaign for half of its gold reserves. By the end of the year, 140 tonnes of gold are to be stored in Austria, with the other 140 tonnes remaining in London (84 tonnes) and Switzerland (56 tonnes).

March 30, 2018

Oesterreichische Kontrollbank - Yearly Financial Report

Österreichische Kontrollbank Aktiengesellschaft is declaring the following financial reports below.

March 30, 2018

Harvard Government Professor Michael Sandel to Lecture Austrian Opposition How to Win Back Popular Support

The election of Donald Trump was an angry verdict on decades of rising inequality and a version of globalization that benefits those at the top but leaves ordinary people feeling disempowered. American political philosopher and a political philosophy professor at Harvard University Michael J. Sandel will give a lecture on "Is Democracy in Peril? - Politics in the Age of Trump".

March 29, 2018

Strabag awarded tunnelling contract for Sirius Minerals’North Yorkshire Polyhalite Project

Sirius Minerals Plc. has hired the European construction group Strabag SE to build an approx. 13 km tunnel section for the underground transport system of the Woodsmith Mine near Whitby, England. The design-and-build contract was signed on 28 March.

March 29, 2018

Vienna - Moscow: Maintaining All Communication Channels Is Crucial

All the evidence suggests that Russia is to blame for the poison attack on former double agent Sergei Skripal in Salisbury. To date, 19 EU countries and 7 non-EU countries have expelled more than 150 diplomats. By deciding not to expel Russian diplomats, Austria is opposing most of its partner countries.

March 27, 2018

AMS Implements a Revised Earn-Out Structure Gaining 100% Acceptance by Former Heptagon Shareholders to Reflect Higher-Than-Expected Capital Expenditure Requirements

AMS, a leading worldwide supplier of high performance sensor solutions, made an arrangement with 100% of the former shareholders of Heptagon which provides for a revised earn-out structure predominantly consisting of a share distribution. ams announced on 20 February 2018 that the company had submitted a proposal to the former shareholders of Heptagon for a revised shares-only earn-out structure (contingent on an approval threshold of 60% of the preferred shareholdings) reflecting the higher-than-expected capital expenditures and resources which were required for Heptagon's business to realize its 2017 revenue pipeline.

March 27, 2018

AMAG Austria Metall AG / Yearly Financial Report

AMAG Austria Metall AG is declaring the following financial reports below:

March 27, 2018